View ValuationWH Smith 将来の成長Future 基準チェック /46WH Smith利益と収益がそれぞれ年間52.9%と3.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に24.7% 47.2%なると予測されています。主要情報52.9%収益成長率47.23%EPS成長率Specialty Retail 収益成長29.2%収益成長率3.8%将来の株主資本利益率24.74%アナリストカバレッジGood最終更新日14 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • 16hLess than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Senior Independent Director Simon Emeny is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Colette Burke was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Apr 26WH Smith PLC Declares No Interim Dividend for the Period Ended 28 February 2026WH Smith PLC Board has not declared an interim dividend in respect of the six-month period to 28 February 2026. The dividend has been suspended to support the strengthening of the balance sheet and the Group will look to reinstate returns to shareholders when excess cash is available.お知らせ • Apr 25WH Smith PLC Announces Board and Committee ChangesThe Board of WH Smith PLC announced that Colette Burke, Non-Executive Director, will be stepping down as a director of the Company on 30 June 2026 having served for three years. The company also announced that Situl Jobanputra will become Chair of the Remuneration Committee with immediate effect.お知らせ • Apr 08WH Smith PLC Announces Board Changes, Effective April 7, 2026WH Smith PLC announced that following shareholder approval at the Company's General Meeting on March 12, 2026, Leo Quinn assumes his role of Executive Chair of WH Smith PLC with effect from April 7, 2026. Andrew Harrison will now step down from the Board with immediate effect.お知らせ • Mar 12WH Smith PLC Announces Election Of Leo Quinn As Director, Effective April 7, 2026WH Smith PLC held a General Meeting for shareholders at 9.00am on March 12, 2026 and elected Leo Quinn as a director with effect from April 7, 2026. All resolutions put to the General Meeting were passed by shareholders.お知らせ • Mar 05WH Smith PLC to Report First Half, 2026 Results on Apr 23, 2026WH Smith PLC announced that they will report first half, 2026 results on Apr 23, 2026お知らせ • Jan 19WH Smith PLC Announces Management ChangesWH Smith PLC has appointed Leo Quinn as Executive Chair. Leo Quinn is recognized for his successful track record at Balfour Beatty, QinetiQ, and De La Rue, and is expected to provide the necessary leadership and strategic direction for WH Smith. The Board of the Company announced its intention to appoint Leo Quinn as Executive Chairman with effect from 7 April 2026. This appointment will be subject to shareholder approval. Leo has over 20 years' experience as CEO of UK publicly quoted companies, most recently as Group Chief Executive of Balfour Beatty plc, the UK's largest infrastructure company. In each case he has led significant business transformation, driving sustained cashflows and strong shareholder returns, including over £5 billion of total shareholder value. Prior to that he spent over two decades in leadership roles at global companies, including seven years in the US. Annette Court will step down as Chair and non-executive director at the end of the Company's Annual General Meeting on 2 February 2026. In addition to continuing as Senior Independent Director, Simon Emeny will act as Interim non-executive Chairman until Leo's appointment. Accordingly, the resolution to re-elect Annette as a director of the Company will be withdrawn.お知らせ • Dec 20WH Smith PLC, Annual General Meeting, Feb 02, 2026WH Smith PLC, Annual General Meeting, Feb 02, 2026.お知らせ • Dec 19WH Smith PLC Announces Stepping Down of Nicky Dulieu, Non-Executive Director and Chair of the Remuneration Committee, Effective February 2, 2026WH Smith PLC announces that it has received notice from Nicky Dulieu, Non-Executive Director and Chair of the Remuneration Committee, of her intention to step down as a director of the Company at next year's Annual General Meeting which is due to be held on February 2, 2026. Nicky is stepping down to focus on her other work and business commitments.お知らせ • Nov 20+ 1 more updateWH Smith PLC Announces Resignation of Carl Cowling for the Board Director, Effective November 19, 2025WH Smith PLC announced that Carl Cowling will step down as a Board Director with immediate effect on November 19, 2025. He will remain employed by the Company until 28 February 2026 to ensure an orderly handover of his duties.Carl Cowling has led the Company as Group CEO since November 2019 having joined the Company in 2014.お知らせ • Jul 29Card Factory plc (LSE:CARD) agreed to acquire Funkypigeon.Com Limited from WH Smith PLC (LSE:SMWH) for £24 million.Card Factory plc (LSE:CARD) agreed to acquire Funkypigeon.Com Limited from WH Smith PLC (LSE:SMWH) for £24 million on July 29, 2025. Consideration represents an enterprise value of £26 million on a cash and debt-free basis and an equity value of £24 million. Net cash proceeds, when adjusted for transaction costs, are anticipated to be £21 million and will be used to improve the Group's net debt position. The consideration of £24 million is subject to customary closing adjustments, implying an EV/EBITDA multiple of c.5 times. The acquisition will be funded from draw down of up to £35 million under the accordion facility provided by cardfactory's banking syndicate, as part of its current debt facilities. Completion of the Transaction is subject to the receipt of any required regulatory approvals and expected to occur before the end of the calendar year. Tim Danaher of Brunswick Group LLP acted as financial advisor to WH Smith PLC (LSE:SMWH)お知らせ • Jun 30Modella Capital Limited completed the acquisition of UK High Street business of WHSmith for £40 million.Modella Capital Limited agreed to acquire UK High Street business of WHSmith for £52 million on March 28, 2025. Gross cash proceeds of £52 million, with anticipated net cash proceeds of £25m when adjusted for transaction and separation costs, to be deployed in-line with the Group's capital allocation policy. The sale does not include the Group's personalised online greeting card business, funkypigeon.com. The Group will explore strategic options for this part of the Group, including a possible sale. The transaction is expected to close by end of June 2025. Robert Moore, Ben Ward, Hayley Brady, Peter Dalton, Will Nevin, Casey Dalton, Heather Newton of Herbert Smith Freehills LLP and Antonia Silvestri, Perran Jervis of TLT LLP acted as legal advisors to WHSmith. Greenhill & Co. International LLP is acting as financial adviser to WHSmith. Sandra Wong, Emma Roake, Duncan McMeekin, Nick Smee, Suki Tonks, Claire Burns of Browne Jacobson LLP acted as legal advisor to Modella Capital Limited. Ian Houghton WHSmith's general in house counsel provided the advise on the transaction. Modella Capital Limited completed the acquisition of UK High Street business of WHSmith for £40 million on June 30, 2025. As part of the revised consideration, Modella Capital Limited would pay Up-front consideration of £10 million at completion, Up to £20 million of deferred consideration whereby WHSmith and Modella equally share in the cash flow generation of the business to August 2026 ando Up to £10 million of additional proceeds based on timing and realisation of certain tax assets within the High Street business. Transaction and separation costs remain unchanged at £27 million.お知らせ • Jun 13Palliser Capital Announces it Plans to Improve Shareholder Returns at WH SmithOn June 12, 2025, Palliser Capital announced it has acquired a nearly 5% stake in WH Smith PLC and announced it plans to examine the Company’s leverage targets and capital allocation policy with the aim of improving returns for shareholders.お知らせ • Apr 24WH Smith PLC to Report Fiscal Year 2025 Results on Nov 13, 2025WH Smith PLC announced that they will report fiscal year 2025 results on Nov 13, 2025お知らせ • Apr 16WH Smith PLC Declares an Interim Dividend for the Period Ended 28 February 2025, Payable on 31 July 2025The board of WH Smith PLC has declared an interim dividend in respect of the period ended 28 February 2025 of 11.3 pence per share (2024: 11.0 pence per share). This reflects its strong start to the year, the cash generative nature of the business and confidence in the future growth prospects of the Group. Over time, the company aim to have a cover ratio of around 2.5 times earnings. The dividend payments are paid on an interim and final basis with a 1/3:2/3 split. The interim dividend will be paid on 31 July 2025 to shareholders registered at the close of business on 11 July 2025.お知らせ • Jan 29HMV Owner Reportedly Mulls WH Smith SwoopTHE owner of HMV is considering a bid for WH Smith PLC (LSE:SMWH)'s high street business as the retailer focuses on travel. Billionaire Doug Putman is said to be eyeing a potential swoop for the shops, according to The Sun. Private equity groups Hilco, Alteri and Modella Capital have also been named as potential suitors. It comes as WH Smith confirmed it was considering quitting the high street after 230 years to focus on shops in train stations, airports and other travel hubs. The announcement has raised fears of possible job losses and closures. WH Smith has around 5,000 staff in its 500 high street shops across the country. Paddy Lillis, the general secretary of the Union of Shop, Distributive and Allied Workers, said: "Staff at WH Smith are yet again plunged into a period of uncertainty and they are very worried about their futures. We urge the current owners and any buyer to fully engage with the staff to protect their jobs and help this longstanding, iconic brand to thrive in the future." Hilco and Alteri declined to comment. Mr. Putman and Modella did not respond to requests for comment.お知らせ • Jan 27+ 1 more updateWH Smith Reportedly in Secret Talks to Sell Historic High Street ArmWH Smith PLC (LSE:SMWH) is in secret talks to sell its entire high street business in Britain more than 230 years after it opened its first shop in central London. Sky News can exclusively reveal that the listed retail group, which has a market capitalisation of almost £1.5 billion, has been in negotiations with a number of prospective buyers of the division for several weeks. WH Smith will confirm the plan to the London Stock Exchange on 27 January 2025 morning. The company's high street arm comprises roughly 500 stores, employing about 5,000 people across the country. It is currently part of the same group as WH Smith's faster-growing, more profitable travel retail business which operates from airports, train stations and hospitals. The travel retail business comprises 600 shops in the UK, roughly half of a global operation numbering about 1,200 travel retail outlets. Bankers at Greenhill have been appointed to run the sale process for the high street business, with a deal expected in the coming months. The identities of the likely buyers were unclear on 25 January 2025. Run by Carl Cowling, chief executive, the disposal of its high street arm and repositioning as a pure-play travel retail company is likely to be welcomed by investors, one analyst said this weekend. News of the potential sale represents a watershed moment in the history of the British high street.Board Change • Jan 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. COO, CFO & Director Maxwell Leslie Izzard was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Dec 30Final dividend of UK£0.23 announcedShareholders will receive a dividend of UK£0.23. Ex-date: 16th January 2025 Payment date: 6th February 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 10WH Smith PLC, Annual General Meeting, Jan 29, 2025WH Smith PLC, Annual General Meeting, Jan 29, 2025. Location: the offices of herbert smith freehills llp, exchange house, primrose street, ec2a 2eg, london United Kingdomお知らせ • Dec 06WH Smith PLC to Report First Half, 2025 Results on Apr 16, 2025WH Smith PLC announced that they will report first half, 2025 results on Apr 16, 2025Declared Dividend • Nov 17Final dividend of UK£0.23 announcedShareholders will receive a dividend of UK£0.23. Ex-date: 16th January 2025 Payment date: 6th February 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 16Full year 2024 earnings released: EPS: UK£0.52 (vs UK£0.61 in FY 2023)Full year 2024 results: EPS: UK£0.52 (down from UK£0.61 in FY 2023). Revenue: UK£1.92b (up 7.0% from FY 2023). Net income: UK£67.0m (down 15% from FY 2023). Profit margin: 3.5% (down from 4.4% in FY 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Nov 14WH Smith PLC Proposes Final Dividend for the Year Ended 31 August 2024, Payable on 6 February 2025WH Smith PLC has proposed a final dividend of 22.6 pence per share in respect of the financial year ended 31 August 2024, which together with the interim dividend, gives a full year dividend of 33.6 pence per share. This reflects the cash generative nature of the business and the company's confidence in the future prospects of the Group. Subject to shareholder approval, the dividend will be paid on 6 February 2025 to shareholders registered at the close of business on 17 January 2025.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €16.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total loss to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.12 per share.お知らせ • Sep 26WH Smith PLC (LSE:SMWH) announces an Equity Buyback for £25 million worth of its shares.WH Smith PLC (LSE:SMWH) announces a share repurchase program. Under the program, the company has entered into an arrangement with Barclays Bank PLC to repurchase £25 million worth of its shares. The purpose of program is to reduce the Company's share capital. The repurchased shares will be cancelled. The program will be valid till April 15, 2025.Upcoming Dividend • Jul 04Upcoming dividend of UK£0.11 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.5%).お知らせ • Jun 14WH Smith PLC Announces Board and Audit Committee ChangesWH Smith PLC announced the appointment of Helen Rose as a Non-Executive Director and Audit Committee Chair designate with effect from 1 July 2024. Upon appointment, Helen will become a member of the Audit, ESG, Nominations and Remuneration Committees. Helen will also become Chair of the Audit Committee on 1 December 2024 after Nicky Dulieu has completed the 2024 financial year-end. Nicky Dulieu will continue in her role as a Non-Executive Director and Chair of the Remuneration Committee. Helen is a chartered accountant and former senior finance and operations leader with considerable experience in multi-site retail and financial services sectors. She is also a Non-Executive Director of Greencore plc.Declared Dividend • Apr 28First half dividend of UK£0.11 announcedShareholders will receive a dividend of UK£0.11. Ex-date: 11th July 2024 Payment date: 1st August 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 106% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 27WH Smith PLC Declares an Interim Dividend in Respect of the Period Ending 29 February 2024, Payable on 1 August 2024The directors of WH Smith PLC have declared an interim dividend in respect of the period ending 29 February 2024 of 11.0 pence per ordinary share. This will be paid on 1 August 2024 to shareholders registered at the close of business on 12 July 2024.Reported Earnings • Apr 26First half 2024 earnings released: EPS: UK£0.13 (vs UK£0.25 in 1H 2023)First half 2024 results: EPS: UK£0.13 (down from UK£0.25 in 1H 2023). Revenue: UK£926.0m (up 7.8% from 1H 2023). Net income: UK£17.0m (down 47% from 1H 2023). Profit margin: 1.8% (down from 3.7% in 1H 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.お知らせ • Mar 16WH Smith PLC Announces CFO ChangesWH Smith PLC announced that Robert Moorhead, after more than 20 years with the business, has advised the Board of his intention to retire as Chief Financial Officer and Chief Operating Officer. He will be succeeded by Max Izzard, currently SVP Group and Corporate Finance at Burberry PLC. Max will join the Company on 1 September 2024. Robert will step down from the Board on 30 November 2024. Max will be appointed to the Board with effect from 1 December 2024. Max is a highly experienced finance director, with deep expertise in multi-site international consumer businesses. He is currently SVP of Group and Corporate Finance at Burberry PLC. Max has held a variety of senior roles there over the last 6 years, helping to support the strategic transformation and development of the business, overseeing the group finance functions, tax and treasury. Prior to Burberry, Max held several senior commercial and group finance roles at IHG PLC. Robert joined the Company in 2004 as Finance Director - Retail. Robert was appointed Chief Financial Officer in 2008 and Chief Financial Officer/Chief Operating Officer in 2013. Robert has played an important leadership role in transforming WH Smith into a global travel retailer.お知らせ • Mar 15WH Smith PLC Announces Executive ChangesWH Smith PLC announced that Robert Moorhead, after more than 20 years with the business, has advised the Board of his intention to retire as Chief Financial Officer and Chief Operating Officer. He will be succeeded by Max Izzard, currently SVP Group and Corporate Finance at Burberry PLC. Max will join the Company on 1 September 2024. Robert will step down from the Board on 30 November 2024. Max will be appointed to the Board with effect from 1 December 2024. Max is a highly experienced finance director, with deep expertise in multi-site international consumer businesses. He is currently SVP of Group and Corporate Finance at Burberry PLC. Max has held a variety of senior roles there over the last 6 years, helping to support the strategic transformation and development of the business, overseeing the group finance functions, tax and treasury. Prior to Burberry, Max held several senior commercial and group finance roles at IHG PLC. Robert joined the Company in 2004 as Finance Director - Retail. Robert was appointed Chief Financial Officer in 2008 and Chief Financial Officer/Chief Operating Officer in 2013. Robert has played an important leadership role in transforming WH Smith into a global travel retailer.お知らせ • Feb 07WH Smith Announces Board ChangesWH Smith announced the appointment ofSitul Jobanputraas a Non-Executive Director with effect from 1 March 2024. Upon appointment, Situl will become a member of the Audit, Nominations and Remuneration Committees and Chair of the ESG Committee. Situl joins the Board of WH Smith with significant financial and property expertise. He is Chief Financial Officer of Shaftesbury Capital PLC, having joined the company 10 years ago and served on its board since 2017. Situl is an experienced corporate financier, having previously worked in mergers and acquisitions, equity capital markets, corporate broking and real estate investment banking, latterly at Deutsche Bank. WH Smith also announces that Marion Sears will step down as a Non-Executive Director with effect from today's date. Nicky Dulieu, Non-Executive Director, will succeed Marion Sears as Chair of the Remuneration Committee. Nicky has been a member of the Remuneration Committee since joining the Board in September 2020.Reported Earnings • Dec 14Full year 2023 earnings released: EPS: UK£0.61 (vs UK£0.36 in FY 2022)Full year 2023 results: EPS: UK£0.61 (up from UK£0.36 in FY 2022). Revenue: UK£1.79b (up 28% from FY 2022). Net income: UK£79.0m (up 68% from FY 2022). Profit margin: 4.4% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 10Full year 2023 earnings released: EPS: UK£0.61 (vs UK£0.36 in FY 2022)Full year 2023 results: EPS: UK£0.61 (up from UK£0.36 in FY 2022). Revenue: UK£1.79b (up 28% from FY 2022). Net income: UK£79.0m (up 68% from FY 2022). Profit margin: 4.4% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Buying Opportunity • Oct 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be €16.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 96% in the next 2 years.お知らせ • Oct 24WH Smith PLC, Annual General Meeting, Jan 26, 2024WH Smith PLC, Annual General Meeting, Jan 26, 2024.お知らせ • Sep 13WH Smith PLC Announces Board ChangesWH Smith PLC announced that Kal Atwal, non-executive director and Chair of the ESG Committee, will be stepping down from the Board of WH Smith with effect from 12 September 2023. The Board has commenced a process to appoint a new non-executive director and will update the market in due course. Marion Sears, non-executive director, has been appointed as Chair of the ESG Committee with effect from 12 September 2023.お知らせ • Jul 26WH Smith PLC to Report Fiscal Year 2023 Results on Nov 09, 2023WH Smith PLC announced that they will report fiscal year 2023 results on Nov 09, 2023Upcoming Dividend • Jul 06Upcoming dividend of UK£0.081 per share at 1.1% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.7%).お知らせ • May 18WH Smith PLC Appoints Colette Burke as Non-Executive Director, Effective July 1, 2023WH Smith PLC announced that Colette Burke has been appointed as a Non-Executive Director with effect from 1st July 2023. Colette is currently the Executive Vice President and Chief Commercial Officer of the LEGO Group, and was previously Global Head of Sales and Marketing at Bose Corporation. Colette brings significant US and retail experience from her roles at Bose Corporation and the LEGO Group.Reported Earnings • Apr 20First half 2023 earnings released: EPS: UK£0.25 (vs UK£0.092 in 1H 2022)First half 2023 results: EPS: UK£0.25 (up from UK£0.092 in 1H 2022). Revenue: UK£859.0m (up 41% from 1H 2022). Net income: UK£35.0m (up 192% from 1H 2022). Profit margin: 4.1% (up from 2.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Board Change • Jan 23Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman Annette Court was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 18WH Smith PLC to Report First Half, 2023 Results on Apr 20, 2023WH Smith PLC announced that they will report first half, 2023 results on Apr 20, 2023お知らせ • Jan 13WH Smith PLC Announces Not Stand for Re-Election of Maurice Thompson, Non-Executive DirectorWH Smith PLC announced that Maurice Thompson, non-executive director of the company has informed the board that he does not intend to stand for re-election at the Annual General Meeting to be held on 18 January 2023 and, as such, will cease to be a member of the board effective from the end of the AGM.Upcoming Dividend • Dec 29Upcoming dividend of UK£0.091 per shareEligible shareholders must have bought the stock before 05 January 2023. Payment date: 26 January 2023. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.0%).Reported Earnings • Nov 16Full year 2022 earnings released: EPS: UK£0.36 (vs UK£0.63 loss in FY 2021)Full year 2022 results: EPS: UK£0.36 (up from UK£0.63 loss in FY 2021). Revenue: UK£1.40b (up 58% from FY 2021). Net income: UK£47.0m (up UK£129.0m from FY 2021). Profit margin: 3.4% (up from net loss in FY 2021). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 16% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Annette Court was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 15+ 1 more updateWH Smith PLC Proposes Final Dividend, Payable on 26 January 2023WH Smith PLC confirmed that, subject to the approval of shareholders at the Company's annual general meeting to be held on 18 January 2023, a final dividend of 9.1 pence per share will be paid on 26 January 2023 to shareholders on the Company's register of members at the close of business on 6 January 2023. The ex-dividend date will be 5 January 2023.Reported Earnings • Nov 11Full year 2022 earnings released: EPS: UK£0.36 (vs UK£0.63 loss in FY 2021)Full year 2022 results: EPS: UK£0.36 (up from UK£0.63 loss in FY 2021). Revenue: UK£1.40b (up 58% from FY 2021). Net income: UK£47.0m (up UK£129.0m from FY 2021). Profit margin: 3.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year.お知らせ • Sep 07WH Smith PLC to Report Q4, 2022 Results on Nov 10, 2022WH Smith PLC announced that they will report Q4, 2022 results on Nov 10, 2022お知らせ • Jun 08WH Smith PLC Announces Board ChangesWH Smith PLC announced that it has appointed Annette Court as a non-executive director and Chair Designate. Annette will join the Board on 1 September 2022 and will succeed Henry Staunton as Chair on 1 December 2022. Henry Staunton will retire from the Board on 30 November 2022, after nine years as Chairman. Annette Court is currently chair of Admiral Group plc and a non-executive director of Sage Group plc. She was previously the CEO of Europe General Insurance for Zurich Financial Services and was a member of the Group Executive Committee from 2007 to 2010. Annette was also the CEO of Direct Line Group (formerly RBS Insurance) from 2001 to 2006 and a member of the RBS Group Executive Management Committee. She has also been a member of the Board of the Association of British Insurers (ABI). The Directors have determined that upon appointment Annette Court will be independent.Reported Earnings • Apr 28First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£35.0m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 35%, compared to a 13% growth forecast for the industry in Germany.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Nicky Dulieu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 02WH Smith PLC Appoints Marion Sears as Non-Executive Director and Chair of the Remuneration CommitteeWH Smith PLC announced that Marion Sears has been appointed as a Non-Executive Director and Chair of the Remuneration Committee with effect from 1 February 2022. Marion is currently a Non-Executive Director at Dunelm Group PLC, Fidelity European Trust PLC, Aberdeen New Dawn Investment Trust PLC and Keywords Studios PLC.Recent Insider Transactions • Nov 18Group Chief Executive & Director recently sold €171k worth of stockOn the 16th of November, Carl Cowling sold around 9k shares on-market at roughly €19.19 per share. This was the largest sale by an insider in the last 3 months. This was Carl's only on-market trade for the last 12 months.Reported Earnings • Nov 12Full year 2021 earnings released: UK£0.63 loss per share (vs UK£1.99 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: UK£886.0m (down 13% from FY 2020). Net loss: UK£82.0m (loss narrowed 66% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Board Change • Nov 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Kal Atwal was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.業績と収益の成長予測DB:21Q - アナリストの将来予測と過去の財務データ ( )GBP Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数8/31/20281,729746325498/31/20271,6485955240108/31/20261,59828-17189102/28/20261,585-4988180N/A11/30/20251,569-40142228N/A8/31/20251,553-31195276N/A2/28/20251,26313216296N/A11/30/20241,36825188281N/A8/31/20241,47337160266N/A5/31/20241,88966140269N/A2/29/20241,86064135262N/A11/30/20231,82772132257N/A8/31/20231,79379129251N/A5/31/20231,72273110223N/A2/28/20231,6516790195N/A11/30/20221,5265797191N/A8/31/20221,40047104187N/A5/31/20221,237680152N/A2/28/20221,074-3556116N/A11/30/2021980-5856108N/A8/31/2021886-8256100N/A5/31/2021790-2011668N/A2/28/2021694-321-2535N/A11/30/2020858-280-1158N/A8/31/20201,021-239281N/A5/31/20201,235-6854128N/A2/29/20201,449102105174N/A11/30/20191,423104N/A162N/A8/31/20191,397106N/A149N/A5/31/20191,35699N/A139N/A2/28/20191,31492N/A128N/A11/30/20181,288100N/A136N/A8/31/20181,262108N/A143N/A5/31/20181,248111N/A145N/A2/28/20181,234114N/A146N/A11/30/20171,234115N/A147N/A8/31/20171,234116N/A148N/A5/31/20171,228114N/A141N/A2/28/20171,222111N/A134N/A11/30/20161,217110N/A134N/A8/31/20161,212108N/A134N/A5/31/20161,206108N/A135N/A2/29/20161,200107N/A135N/A11/30/20151,189104N/A140N/A8/31/20151,178101N/A144N/A5/31/20151,16999N/A135N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 21Qは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 1.9% ) よりも高い成長率であると考えられます。収益対市場: 21Q今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 21Q今後 3 年以内に収益を上げることが予想されます。収益対市場: 21Qの収益 ( 3.8% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: 21Qの収益 ( 3.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 21Qの 自己資本利益率 は、3年後には高くなると予測されています ( 24.7 %)成長企業の発掘7D1Y7D1Y7D1YRetail 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 15:39終値2026/05/20 00:00収益2026/02/28年間収益2025/08/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋WH Smith PLC 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。26 アナリスト機関Richard TaylorBarclaysJack CummingsBerenbergLuka TrnovsekBerenberg23 その他のアナリストを表示
Board Change • 16hLess than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Senior Independent Director Simon Emeny is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Colette Burke was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 26WH Smith PLC Declares No Interim Dividend for the Period Ended 28 February 2026WH Smith PLC Board has not declared an interim dividend in respect of the six-month period to 28 February 2026. The dividend has been suspended to support the strengthening of the balance sheet and the Group will look to reinstate returns to shareholders when excess cash is available.
お知らせ • Apr 25WH Smith PLC Announces Board and Committee ChangesThe Board of WH Smith PLC announced that Colette Burke, Non-Executive Director, will be stepping down as a director of the Company on 30 June 2026 having served for three years. The company also announced that Situl Jobanputra will become Chair of the Remuneration Committee with immediate effect.
お知らせ • Apr 08WH Smith PLC Announces Board Changes, Effective April 7, 2026WH Smith PLC announced that following shareholder approval at the Company's General Meeting on March 12, 2026, Leo Quinn assumes his role of Executive Chair of WH Smith PLC with effect from April 7, 2026. Andrew Harrison will now step down from the Board with immediate effect.
お知らせ • Mar 12WH Smith PLC Announces Election Of Leo Quinn As Director, Effective April 7, 2026WH Smith PLC held a General Meeting for shareholders at 9.00am on March 12, 2026 and elected Leo Quinn as a director with effect from April 7, 2026. All resolutions put to the General Meeting were passed by shareholders.
お知らせ • Mar 05WH Smith PLC to Report First Half, 2026 Results on Apr 23, 2026WH Smith PLC announced that they will report first half, 2026 results on Apr 23, 2026
お知らせ • Jan 19WH Smith PLC Announces Management ChangesWH Smith PLC has appointed Leo Quinn as Executive Chair. Leo Quinn is recognized for his successful track record at Balfour Beatty, QinetiQ, and De La Rue, and is expected to provide the necessary leadership and strategic direction for WH Smith. The Board of the Company announced its intention to appoint Leo Quinn as Executive Chairman with effect from 7 April 2026. This appointment will be subject to shareholder approval. Leo has over 20 years' experience as CEO of UK publicly quoted companies, most recently as Group Chief Executive of Balfour Beatty plc, the UK's largest infrastructure company. In each case he has led significant business transformation, driving sustained cashflows and strong shareholder returns, including over £5 billion of total shareholder value. Prior to that he spent over two decades in leadership roles at global companies, including seven years in the US. Annette Court will step down as Chair and non-executive director at the end of the Company's Annual General Meeting on 2 February 2026. In addition to continuing as Senior Independent Director, Simon Emeny will act as Interim non-executive Chairman until Leo's appointment. Accordingly, the resolution to re-elect Annette as a director of the Company will be withdrawn.
お知らせ • Dec 20WH Smith PLC, Annual General Meeting, Feb 02, 2026WH Smith PLC, Annual General Meeting, Feb 02, 2026.
お知らせ • Dec 19WH Smith PLC Announces Stepping Down of Nicky Dulieu, Non-Executive Director and Chair of the Remuneration Committee, Effective February 2, 2026WH Smith PLC announces that it has received notice from Nicky Dulieu, Non-Executive Director and Chair of the Remuneration Committee, of her intention to step down as a director of the Company at next year's Annual General Meeting which is due to be held on February 2, 2026. Nicky is stepping down to focus on her other work and business commitments.
お知らせ • Nov 20+ 1 more updateWH Smith PLC Announces Resignation of Carl Cowling for the Board Director, Effective November 19, 2025WH Smith PLC announced that Carl Cowling will step down as a Board Director with immediate effect on November 19, 2025. He will remain employed by the Company until 28 February 2026 to ensure an orderly handover of his duties.Carl Cowling has led the Company as Group CEO since November 2019 having joined the Company in 2014.
お知らせ • Jul 29Card Factory plc (LSE:CARD) agreed to acquire Funkypigeon.Com Limited from WH Smith PLC (LSE:SMWH) for £24 million.Card Factory plc (LSE:CARD) agreed to acquire Funkypigeon.Com Limited from WH Smith PLC (LSE:SMWH) for £24 million on July 29, 2025. Consideration represents an enterprise value of £26 million on a cash and debt-free basis and an equity value of £24 million. Net cash proceeds, when adjusted for transaction costs, are anticipated to be £21 million and will be used to improve the Group's net debt position. The consideration of £24 million is subject to customary closing adjustments, implying an EV/EBITDA multiple of c.5 times. The acquisition will be funded from draw down of up to £35 million under the accordion facility provided by cardfactory's banking syndicate, as part of its current debt facilities. Completion of the Transaction is subject to the receipt of any required regulatory approvals and expected to occur before the end of the calendar year. Tim Danaher of Brunswick Group LLP acted as financial advisor to WH Smith PLC (LSE:SMWH)
お知らせ • Jun 30Modella Capital Limited completed the acquisition of UK High Street business of WHSmith for £40 million.Modella Capital Limited agreed to acquire UK High Street business of WHSmith for £52 million on March 28, 2025. Gross cash proceeds of £52 million, with anticipated net cash proceeds of £25m when adjusted for transaction and separation costs, to be deployed in-line with the Group's capital allocation policy. The sale does not include the Group's personalised online greeting card business, funkypigeon.com. The Group will explore strategic options for this part of the Group, including a possible sale. The transaction is expected to close by end of June 2025. Robert Moore, Ben Ward, Hayley Brady, Peter Dalton, Will Nevin, Casey Dalton, Heather Newton of Herbert Smith Freehills LLP and Antonia Silvestri, Perran Jervis of TLT LLP acted as legal advisors to WHSmith. Greenhill & Co. International LLP is acting as financial adviser to WHSmith. Sandra Wong, Emma Roake, Duncan McMeekin, Nick Smee, Suki Tonks, Claire Burns of Browne Jacobson LLP acted as legal advisor to Modella Capital Limited. Ian Houghton WHSmith's general in house counsel provided the advise on the transaction. Modella Capital Limited completed the acquisition of UK High Street business of WHSmith for £40 million on June 30, 2025. As part of the revised consideration, Modella Capital Limited would pay Up-front consideration of £10 million at completion, Up to £20 million of deferred consideration whereby WHSmith and Modella equally share in the cash flow generation of the business to August 2026 ando Up to £10 million of additional proceeds based on timing and realisation of certain tax assets within the High Street business. Transaction and separation costs remain unchanged at £27 million.
お知らせ • Jun 13Palliser Capital Announces it Plans to Improve Shareholder Returns at WH SmithOn June 12, 2025, Palliser Capital announced it has acquired a nearly 5% stake in WH Smith PLC and announced it plans to examine the Company’s leverage targets and capital allocation policy with the aim of improving returns for shareholders.
お知らせ • Apr 24WH Smith PLC to Report Fiscal Year 2025 Results on Nov 13, 2025WH Smith PLC announced that they will report fiscal year 2025 results on Nov 13, 2025
お知らせ • Apr 16WH Smith PLC Declares an Interim Dividend for the Period Ended 28 February 2025, Payable on 31 July 2025The board of WH Smith PLC has declared an interim dividend in respect of the period ended 28 February 2025 of 11.3 pence per share (2024: 11.0 pence per share). This reflects its strong start to the year, the cash generative nature of the business and confidence in the future growth prospects of the Group. Over time, the company aim to have a cover ratio of around 2.5 times earnings. The dividend payments are paid on an interim and final basis with a 1/3:2/3 split. The interim dividend will be paid on 31 July 2025 to shareholders registered at the close of business on 11 July 2025.
お知らせ • Jan 29HMV Owner Reportedly Mulls WH Smith SwoopTHE owner of HMV is considering a bid for WH Smith PLC (LSE:SMWH)'s high street business as the retailer focuses on travel. Billionaire Doug Putman is said to be eyeing a potential swoop for the shops, according to The Sun. Private equity groups Hilco, Alteri and Modella Capital have also been named as potential suitors. It comes as WH Smith confirmed it was considering quitting the high street after 230 years to focus on shops in train stations, airports and other travel hubs. The announcement has raised fears of possible job losses and closures. WH Smith has around 5,000 staff in its 500 high street shops across the country. Paddy Lillis, the general secretary of the Union of Shop, Distributive and Allied Workers, said: "Staff at WH Smith are yet again plunged into a period of uncertainty and they are very worried about their futures. We urge the current owners and any buyer to fully engage with the staff to protect their jobs and help this longstanding, iconic brand to thrive in the future." Hilco and Alteri declined to comment. Mr. Putman and Modella did not respond to requests for comment.
お知らせ • Jan 27+ 1 more updateWH Smith Reportedly in Secret Talks to Sell Historic High Street ArmWH Smith PLC (LSE:SMWH) is in secret talks to sell its entire high street business in Britain more than 230 years after it opened its first shop in central London. Sky News can exclusively reveal that the listed retail group, which has a market capitalisation of almost £1.5 billion, has been in negotiations with a number of prospective buyers of the division for several weeks. WH Smith will confirm the plan to the London Stock Exchange on 27 January 2025 morning. The company's high street arm comprises roughly 500 stores, employing about 5,000 people across the country. It is currently part of the same group as WH Smith's faster-growing, more profitable travel retail business which operates from airports, train stations and hospitals. The travel retail business comprises 600 shops in the UK, roughly half of a global operation numbering about 1,200 travel retail outlets. Bankers at Greenhill have been appointed to run the sale process for the high street business, with a deal expected in the coming months. The identities of the likely buyers were unclear on 25 January 2025. Run by Carl Cowling, chief executive, the disposal of its high street arm and repositioning as a pure-play travel retail company is likely to be welcomed by investors, one analyst said this weekend. News of the potential sale represents a watershed moment in the history of the British high street.
Board Change • Jan 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. COO, CFO & Director Maxwell Leslie Izzard was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Dec 30Final dividend of UK£0.23 announcedShareholders will receive a dividend of UK£0.23. Ex-date: 16th January 2025 Payment date: 6th February 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 10WH Smith PLC, Annual General Meeting, Jan 29, 2025WH Smith PLC, Annual General Meeting, Jan 29, 2025. Location: the offices of herbert smith freehills llp, exchange house, primrose street, ec2a 2eg, london United Kingdom
お知らせ • Dec 06WH Smith PLC to Report First Half, 2025 Results on Apr 16, 2025WH Smith PLC announced that they will report first half, 2025 results on Apr 16, 2025
Declared Dividend • Nov 17Final dividend of UK£0.23 announcedShareholders will receive a dividend of UK£0.23. Ex-date: 16th January 2025 Payment date: 6th February 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 16Full year 2024 earnings released: EPS: UK£0.52 (vs UK£0.61 in FY 2023)Full year 2024 results: EPS: UK£0.52 (down from UK£0.61 in FY 2023). Revenue: UK£1.92b (up 7.0% from FY 2023). Net income: UK£67.0m (down 15% from FY 2023). Profit margin: 3.5% (down from 4.4% in FY 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Nov 14WH Smith PLC Proposes Final Dividend for the Year Ended 31 August 2024, Payable on 6 February 2025WH Smith PLC has proposed a final dividend of 22.6 pence per share in respect of the financial year ended 31 August 2024, which together with the interim dividend, gives a full year dividend of 33.6 pence per share. This reflects the cash generative nature of the business and the company's confidence in the future prospects of the Group. Subject to shareholder approval, the dividend will be paid on 6 February 2025 to shareholders registered at the close of business on 17 January 2025.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €16.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total loss to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.12 per share.
お知らせ • Sep 26WH Smith PLC (LSE:SMWH) announces an Equity Buyback for £25 million worth of its shares.WH Smith PLC (LSE:SMWH) announces a share repurchase program. Under the program, the company has entered into an arrangement with Barclays Bank PLC to repurchase £25 million worth of its shares. The purpose of program is to reduce the Company's share capital. The repurchased shares will be cancelled. The program will be valid till April 15, 2025.
Upcoming Dividend • Jul 04Upcoming dividend of UK£0.11 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.5%).
お知らせ • Jun 14WH Smith PLC Announces Board and Audit Committee ChangesWH Smith PLC announced the appointment of Helen Rose as a Non-Executive Director and Audit Committee Chair designate with effect from 1 July 2024. Upon appointment, Helen will become a member of the Audit, ESG, Nominations and Remuneration Committees. Helen will also become Chair of the Audit Committee on 1 December 2024 after Nicky Dulieu has completed the 2024 financial year-end. Nicky Dulieu will continue in her role as a Non-Executive Director and Chair of the Remuneration Committee. Helen is a chartered accountant and former senior finance and operations leader with considerable experience in multi-site retail and financial services sectors. She is also a Non-Executive Director of Greencore plc.
Declared Dividend • Apr 28First half dividend of UK£0.11 announcedShareholders will receive a dividend of UK£0.11. Ex-date: 11th July 2024 Payment date: 1st August 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 106% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 27WH Smith PLC Declares an Interim Dividend in Respect of the Period Ending 29 February 2024, Payable on 1 August 2024The directors of WH Smith PLC have declared an interim dividend in respect of the period ending 29 February 2024 of 11.0 pence per ordinary share. This will be paid on 1 August 2024 to shareholders registered at the close of business on 12 July 2024.
Reported Earnings • Apr 26First half 2024 earnings released: EPS: UK£0.13 (vs UK£0.25 in 1H 2023)First half 2024 results: EPS: UK£0.13 (down from UK£0.25 in 1H 2023). Revenue: UK£926.0m (up 7.8% from 1H 2023). Net income: UK£17.0m (down 47% from 1H 2023). Profit margin: 1.8% (down from 3.7% in 1H 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
お知らせ • Mar 16WH Smith PLC Announces CFO ChangesWH Smith PLC announced that Robert Moorhead, after more than 20 years with the business, has advised the Board of his intention to retire as Chief Financial Officer and Chief Operating Officer. He will be succeeded by Max Izzard, currently SVP Group and Corporate Finance at Burberry PLC. Max will join the Company on 1 September 2024. Robert will step down from the Board on 30 November 2024. Max will be appointed to the Board with effect from 1 December 2024. Max is a highly experienced finance director, with deep expertise in multi-site international consumer businesses. He is currently SVP of Group and Corporate Finance at Burberry PLC. Max has held a variety of senior roles there over the last 6 years, helping to support the strategic transformation and development of the business, overseeing the group finance functions, tax and treasury. Prior to Burberry, Max held several senior commercial and group finance roles at IHG PLC. Robert joined the Company in 2004 as Finance Director - Retail. Robert was appointed Chief Financial Officer in 2008 and Chief Financial Officer/Chief Operating Officer in 2013. Robert has played an important leadership role in transforming WH Smith into a global travel retailer.
お知らせ • Mar 15WH Smith PLC Announces Executive ChangesWH Smith PLC announced that Robert Moorhead, after more than 20 years with the business, has advised the Board of his intention to retire as Chief Financial Officer and Chief Operating Officer. He will be succeeded by Max Izzard, currently SVP Group and Corporate Finance at Burberry PLC. Max will join the Company on 1 September 2024. Robert will step down from the Board on 30 November 2024. Max will be appointed to the Board with effect from 1 December 2024. Max is a highly experienced finance director, with deep expertise in multi-site international consumer businesses. He is currently SVP of Group and Corporate Finance at Burberry PLC. Max has held a variety of senior roles there over the last 6 years, helping to support the strategic transformation and development of the business, overseeing the group finance functions, tax and treasury. Prior to Burberry, Max held several senior commercial and group finance roles at IHG PLC. Robert joined the Company in 2004 as Finance Director - Retail. Robert was appointed Chief Financial Officer in 2008 and Chief Financial Officer/Chief Operating Officer in 2013. Robert has played an important leadership role in transforming WH Smith into a global travel retailer.
お知らせ • Feb 07WH Smith Announces Board ChangesWH Smith announced the appointment ofSitul Jobanputraas a Non-Executive Director with effect from 1 March 2024. Upon appointment, Situl will become a member of the Audit, Nominations and Remuneration Committees and Chair of the ESG Committee. Situl joins the Board of WH Smith with significant financial and property expertise. He is Chief Financial Officer of Shaftesbury Capital PLC, having joined the company 10 years ago and served on its board since 2017. Situl is an experienced corporate financier, having previously worked in mergers and acquisitions, equity capital markets, corporate broking and real estate investment banking, latterly at Deutsche Bank. WH Smith also announces that Marion Sears will step down as a Non-Executive Director with effect from today's date. Nicky Dulieu, Non-Executive Director, will succeed Marion Sears as Chair of the Remuneration Committee. Nicky has been a member of the Remuneration Committee since joining the Board in September 2020.
Reported Earnings • Dec 14Full year 2023 earnings released: EPS: UK£0.61 (vs UK£0.36 in FY 2022)Full year 2023 results: EPS: UK£0.61 (up from UK£0.36 in FY 2022). Revenue: UK£1.79b (up 28% from FY 2022). Net income: UK£79.0m (up 68% from FY 2022). Profit margin: 4.4% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 10Full year 2023 earnings released: EPS: UK£0.61 (vs UK£0.36 in FY 2022)Full year 2023 results: EPS: UK£0.61 (up from UK£0.36 in FY 2022). Revenue: UK£1.79b (up 28% from FY 2022). Net income: UK£79.0m (up 68% from FY 2022). Profit margin: 4.4% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Buying Opportunity • Oct 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be €16.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 96% in the next 2 years.
お知らせ • Oct 24WH Smith PLC, Annual General Meeting, Jan 26, 2024WH Smith PLC, Annual General Meeting, Jan 26, 2024.
お知らせ • Sep 13WH Smith PLC Announces Board ChangesWH Smith PLC announced that Kal Atwal, non-executive director and Chair of the ESG Committee, will be stepping down from the Board of WH Smith with effect from 12 September 2023. The Board has commenced a process to appoint a new non-executive director and will update the market in due course. Marion Sears, non-executive director, has been appointed as Chair of the ESG Committee with effect from 12 September 2023.
お知らせ • Jul 26WH Smith PLC to Report Fiscal Year 2023 Results on Nov 09, 2023WH Smith PLC announced that they will report fiscal year 2023 results on Nov 09, 2023
Upcoming Dividend • Jul 06Upcoming dividend of UK£0.081 per share at 1.1% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.7%).
お知らせ • May 18WH Smith PLC Appoints Colette Burke as Non-Executive Director, Effective July 1, 2023WH Smith PLC announced that Colette Burke has been appointed as a Non-Executive Director with effect from 1st July 2023. Colette is currently the Executive Vice President and Chief Commercial Officer of the LEGO Group, and was previously Global Head of Sales and Marketing at Bose Corporation. Colette brings significant US and retail experience from her roles at Bose Corporation and the LEGO Group.
Reported Earnings • Apr 20First half 2023 earnings released: EPS: UK£0.25 (vs UK£0.092 in 1H 2022)First half 2023 results: EPS: UK£0.25 (up from UK£0.092 in 1H 2022). Revenue: UK£859.0m (up 41% from 1H 2022). Net income: UK£35.0m (up 192% from 1H 2022). Profit margin: 4.1% (up from 2.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Board Change • Jan 23Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman Annette Court was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 18WH Smith PLC to Report First Half, 2023 Results on Apr 20, 2023WH Smith PLC announced that they will report first half, 2023 results on Apr 20, 2023
お知らせ • Jan 13WH Smith PLC Announces Not Stand for Re-Election of Maurice Thompson, Non-Executive DirectorWH Smith PLC announced that Maurice Thompson, non-executive director of the company has informed the board that he does not intend to stand for re-election at the Annual General Meeting to be held on 18 January 2023 and, as such, will cease to be a member of the board effective from the end of the AGM.
Upcoming Dividend • Dec 29Upcoming dividend of UK£0.091 per shareEligible shareholders must have bought the stock before 05 January 2023. Payment date: 26 January 2023. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.0%).
Reported Earnings • Nov 16Full year 2022 earnings released: EPS: UK£0.36 (vs UK£0.63 loss in FY 2021)Full year 2022 results: EPS: UK£0.36 (up from UK£0.63 loss in FY 2021). Revenue: UK£1.40b (up 58% from FY 2021). Net income: UK£47.0m (up UK£129.0m from FY 2021). Profit margin: 3.4% (up from net loss in FY 2021). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 16% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Annette Court was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 15+ 1 more updateWH Smith PLC Proposes Final Dividend, Payable on 26 January 2023WH Smith PLC confirmed that, subject to the approval of shareholders at the Company's annual general meeting to be held on 18 January 2023, a final dividend of 9.1 pence per share will be paid on 26 January 2023 to shareholders on the Company's register of members at the close of business on 6 January 2023. The ex-dividend date will be 5 January 2023.
Reported Earnings • Nov 11Full year 2022 earnings released: EPS: UK£0.36 (vs UK£0.63 loss in FY 2021)Full year 2022 results: EPS: UK£0.36 (up from UK£0.63 loss in FY 2021). Revenue: UK£1.40b (up 58% from FY 2021). Net income: UK£47.0m (up UK£129.0m from FY 2021). Profit margin: 3.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year.
お知らせ • Sep 07WH Smith PLC to Report Q4, 2022 Results on Nov 10, 2022WH Smith PLC announced that they will report Q4, 2022 results on Nov 10, 2022
お知らせ • Jun 08WH Smith PLC Announces Board ChangesWH Smith PLC announced that it has appointed Annette Court as a non-executive director and Chair Designate. Annette will join the Board on 1 September 2022 and will succeed Henry Staunton as Chair on 1 December 2022. Henry Staunton will retire from the Board on 30 November 2022, after nine years as Chairman. Annette Court is currently chair of Admiral Group plc and a non-executive director of Sage Group plc. She was previously the CEO of Europe General Insurance for Zurich Financial Services and was a member of the Group Executive Committee from 2007 to 2010. Annette was also the CEO of Direct Line Group (formerly RBS Insurance) from 2001 to 2006 and a member of the RBS Group Executive Management Committee. She has also been a member of the Board of the Association of British Insurers (ABI). The Directors have determined that upon appointment Annette Court will be independent.
Reported Earnings • Apr 28First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£35.0m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 35%, compared to a 13% growth forecast for the industry in Germany.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Nicky Dulieu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 02WH Smith PLC Appoints Marion Sears as Non-Executive Director and Chair of the Remuneration CommitteeWH Smith PLC announced that Marion Sears has been appointed as a Non-Executive Director and Chair of the Remuneration Committee with effect from 1 February 2022. Marion is currently a Non-Executive Director at Dunelm Group PLC, Fidelity European Trust PLC, Aberdeen New Dawn Investment Trust PLC and Keywords Studios PLC.
Recent Insider Transactions • Nov 18Group Chief Executive & Director recently sold €171k worth of stockOn the 16th of November, Carl Cowling sold around 9k shares on-market at roughly €19.19 per share. This was the largest sale by an insider in the last 3 months. This was Carl's only on-market trade for the last 12 months.
Reported Earnings • Nov 12Full year 2021 earnings released: UK£0.63 loss per share (vs UK£1.99 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: UK£886.0m (down 13% from FY 2020). Net loss: UK£82.0m (loss narrowed 66% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Board Change • Nov 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Kal Atwal was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.